Last Updated: 1 August 2021

[REB 18] Conflicts of interest18 

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(1) No director shall act as a delegate of any commercial, financial, agricultural, industrial or other interest, or receive or accept directions therefrom in respect of duties to be performed under this Act.
(2) All directors shall fully disclose to the Board any commercial, financial, agricultural, industrial or other interests with which they may at any time be directly or indirectly connected and shall refrain from voting on any matter related thereto which becomes the subject of Board action, provided that such an interest, if so disclosed, shall not disqualify the interested party for the purpose of constituting a quorum.
(3) No director nor any officer or employee of the Reserve Bank shall accept any gift or advantage for himself or herself or, in his or her behalf, for persons with whom he or she may have family, business, or financial connections if the acceptance thereof would result, or give the appearance of resulting, in a diminution of his or her impartial devotion to his or her duties under this Act.